Property briefs

Charter Hall Retail REIT’s portfolio value fell 1.2 per cent, or $25.1 million, during the first half of fiscal 2013 on a $17.9 million fall in the value of the trust’s European properties. Its Australian portfolio value rose by $0.4 million. The gain was wiped out by $6.8 million of acquisition costs during the period, with increasing underlying income growth pushing its capitalisation rate from 8.17 per cent to 8.22 per cent.

A retail asset in the centre of Brisbane has sold for $7.6 million. The 26 Felix Street asset was sold by Ray White Retail’s Mark Greer and Andrew Andam. The property sits below the Felix apartment tower and was bought by a Papua New Guinea-based investor on a 7.5 per cent initial yield.

Barwon Investment Partners founder Rob Morrison has joined the board of Ingenia Communities as a non-executive director. He spent 21 years specialising in property at AMP.

NSW Leagues Club has listed two Sydney CBD properties. The 166 and 167 Phillip Street properties are strata lots. The club plans to sell the 3979 square metre strata holding comprising the top floors of the site, which is the 86-room Travelodge Hotel, owned by Mirvac and the NRMA and run by Toga. The other strata lot is levels three to five of the buildings and basement parking. Colliers International has been appointed to sell the assets. Edited by Ainslie Chandler